Main Difference
The main difference between Banquet and Catering is that the Banquet is a large meal or feast and Catering is a commercial food service.
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Banquet
A banquet (; French: [bɑ̃.kɛ]) is a large meal or feast, complete with main courses and desserts, often served with ad libitum alcoholic beverages, such as wine or beer. A banquet usually serves a purpose such as a charitable gathering, a ceremony, or a celebration, and is often preceded or followed by speeches in honor of someone.
In the majority of banquets, the gathering is seated at round tables with around 8-10 people per table.
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Catering
Catering is the business of providing food service at a remote site or a site such as a hotel, hospital, pub, aircraft, cruise ship, park, filming site or studio, entertainment site, or event venue.
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Banquet (noun)
A large celebratory meal; a feast.
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Banquet (noun)
A dessert; a course of sweetmeats.
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Banquet (verb)
To participate in a banquet; to feast.
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Banquet (verb)
To have dessert after a feast.
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Banquet (verb)
To treat with a banquet or sumptuous entertainment of food; to feast.
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Catering (noun)
The business of providing food and related services; foodservice.
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Catering (noun)
The business of providing such services for special occasions.
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Catering (noun)
The act of one who caters (to something).
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Catering (verb)
present participle of cater
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Banquet (noun)
an elaborate and formal evening meal for many people
“a state banquet at Buckingham Palace”
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Banquet (noun)
an elaborate meal with several courses; a feast
“a lavish five-course banquet”
“a veritable banquet of seasonal events”
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Banquet (verb)
entertain with a banquet
“a banqueting hall”
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Catering (noun)
the provision of food and drink at a social event or other gathering
“high standards of catering”